The Hudgins Law Firm Leases 9459 Square Feet From Granite Properties At 24 Greenway Plaza
24 Greenway Plaza, Houston, TX, 77046
Building Size
9,459 SF
Asset Type
Office
Closing
May 9, 2017
AI
The property involved in this lease transaction is located at 24 Greenway Plaza, Houston, TX, 77046. It consists of 9,459 square feet of space within Weslayan Tower, catering to the commercial real estate market in Houston.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 24 Greenway Plaza, Houston, TX, 77046
- Square Feet: 9,459
- Tenant: The Hudgins Law Firm
- Tenant's Representative: Dan Boyles, NAI Capital
- Landlord: Granite Properties
- Landlord's Representative: Sandy Benak, in-house
This lease transaction features The Hudgins Law Firm as the tenant, with representation provided by Dan Boyles from NAI Capital. Granite Properties served as the landlord, represented in-house by Sandy Benak, facilitating the agreement between the involved parties.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93